IBHD, LLC was formed in 2014 as an Illinois Limited Liability Company by Valerie Durley and Montie Miner. Its goal is to become a leading oil producer in the Illinois Basin by using the latest technology, such as horizontal drilling.
The Company drilled its first horizontal well, the NEFU/Mascher #1 Hor in April of 2016. It was a commercial success with an initial production of 95 barrels of oil and a trace of water per day. With over 1400 feet of an oil saturated lateral we estimate that it has recoverable reserves of over 100,000 barrels of oil. In addition it holds an additional 440 acres that contain approximately 441,000 additional proven oil reserves.